Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Thu, Mar 14, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $204.88             $195.78
 Change =>                      -0.51               -0.50
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Current Index Reflects the Equivalent of 147,382 head of cattle.
SUPPLY (Live)  109,121 Hd
Equivalent:                   $194.05             $184.80
DEMAND (Box)   38,261 Hd*
Equivalent:                   $215.70             $206.76
Live-Box Spread:             ($21.65)            ($21.96)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $227.70
                  Weight   Price     Head      : Se 600-900#          $218.76
  Live Steer:          1424   $127.56    50,748: Current Lds:           118.2
  Live Heifer:         1301   $127.46    35,185: Previous Lds:          118.0
  Drsd Steer:           907   $204.60    16,764
  Drsd Heifer:          825   $204.59     6,424
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      Grading % Breakdown            :         Drop Credit      :        9.06
 Ch 600-900# :                 85.81%:         Steer Dressing % :      63.19%
 Ch 600-750# :                 36.02%:         Heifer Dressing %:      63.13%
 Ch 750-900# :                 49.79%:         Processing Cost  :       12.00
 Se 600-900# :                 14.19%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.61%:
 Se 750-900# :                 10.58%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 204.88                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -15.97               -4.50    -23.67
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 Prime 1-3            12.87   $187.04   $201.78   $217.75   $213.25   $194.08
 Certified 1-3         5.28   $179.45   $194.19   $210.16   $205.66   $186.49
 Choice 1              3.86   $178.03   $192.77   $208.74   $204.24   $185.07
 Select 1             -4.78   $169.39   $184.13   $200.10   $195.60   $176.43
 Stndrd 1-3          -27.29   $146.88   $161.62   $177.59   $173.09   $153.92
 Prime 4              -0.56   $173.61   $188.35   $204.32   $199.82   $180.65
 Choice 4            -11.93   $162.24   $176.98   $192.95   $188.45   $169.28
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*Reflects total boxed beef load count from past 5 days
multiplied by 75, the average head per boxed beef load.
(1) differentials based upon current premiums and discounts.
Note: Index reflects simple average of live and box equivalents.

Source: USDA Market News Service, Des Moines, IA
        Bryant Smith  515-284-4460  Desm.LPGMN@ams.usda.gov
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